Riz,
Whilst I bow to your excellent posts previously, don't you think you have been a bit premature with this one. I read that the 10 & 20 day Exponential MAs are the wrong way round yet and there is no significant volume spike which informs me that someone in the know is moving in before the herd. The MACD is also turning down. Support is at 120'ish so maybe you will se a little downside before it turns up now that they have gone xd and the yield is sub 1%..
enjoy your posts
rgds...............ed.
Whilst I bow to your excellent posts previously, don't you think you have been a bit premature with this one. I read that the 10 & 20 day Exponential MAs are the wrong way round yet and there is no significant volume spike which informs me that someone in the know is moving in before the herd. The MACD is also turning down. Support is at 120'ish so maybe you will se a little downside before it turns up now that they have gone xd and the yield is sub 1%..
enjoy your posts
rgds...............ed.
Thanks ed...you're right it failed to break through130 due to lack of volume, I relied on RSI, MFI and stochastics which are no longer ticking up...so retraced today -2 to 128...updating the chart to see the progress...
I could have made 6 or 7 points out of them if I'd got in on monday, but I got in later at 129.5 and out today for 0 to see where the retracement ends up...
cheers
Riz
I could have made 6 or 7 points out of them if I'd got in on monday, but I got in later at 129.5 and out today for 0 to see where the retracement ends up...
cheers
Riz
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